Greetings,
The United States: Once again, there was some confusion about the initial jobless claims data, which showed a spike.
A good portion of this increase was due to the late Thanksgiving holiday, which distorted seasonal adjustments. Below we have the unadjusted data.
United Kingdom: Early election results show a decisive victory for the Prime Minister’s party. With the Tory majority confirmed, the current Brexit deal is now expected to be approved by Parliament.
Stocks are having the best day in years.
Eurozone: The ECB doesn’t expect to hit its inflation target of 2% even by 2022. Here are the staff projections.
China: Global investors have been loading up on Chinese bonds.
Equities: VIX futures are tumbling as market sentiment shifts to “risk-on.”
Food for Thought: States with the highest consumer debt delinquency rates:
Edited by Daniel Moskovits
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